SAP SE (SAP) Given Average Rating of “Buy” by Brokerages
SAP SE (NYSE:SAP) has received an average recommendation of “Buy” from the twenty-three analysts that are covering the firm. Nine analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $84.33.
SAP has been the subject of several recent analyst reports. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Wednesday. Zacks Investment Research cut shares of SAP SE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Royal Bank Of Canada lifted their price objective on shares of SAP SE from $78.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, June 30th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, July 21st.
Several hedge funds and other institutional investors have recently modified their holdings of SAP. Royal Bank of Canada raised its position in shares of SAP SE by 1.6% in the first quarter. Royal Bank of Canada now owns 556,270 shares of the company’s stock worth $44,735,000 after buying an additional 8,906 shares during the period. Harding Loevner LP raised its position in shares of SAP SE by 4.0% in the third quarter. Harding Loevner LP now owns 5,104,602 shares of the company’s stock worth $466,612,000 after buying an additional 196,527 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of SAP SE by 132.4% in the first quarter. UBS Asset Management Americas Inc. now owns 88,012 shares of the company’s stock worth $7,078,000 after buying an additional 50,133 shares during the period. Pittenger & Anderson Inc. raised its position in shares of SAP SE by 23.5% in the second quarter. Pittenger & Anderson Inc. now owns 10,310 shares of the company’s stock worth $773,000 after buying an additional 1,960 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of SAP SE by 48.8% in the second quarter. JPMorgan Chase & Co. now owns 302,328 shares of the company’s stock worth $22,682,000 after buying an additional 99,121 shares during the period. Institutional investors and hedge funds own 3.51% of the company’s stock.
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Shares of SAP SE (NYSE:SAP) traded down 1.2300% during midday trading on Wednesday, reaching $87.5201. The company’s stock had a trading volume of 422,282 shares. The company has a 50 day moving average of $89.39 and a 200-day moving average of $82.57. The stock has a market capitalization of $104.87 billion, a price-to-earnings ratio of 26.3853 and a beta of 1.43. SAP SE has a 52 week low of $71.39 and a 52 week high of $92.76.
SAP SE (NYSE:SAP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. Equities research analysts predict that SAP SE will post $4.37 earnings per share for the current year.
About SAP SE
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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